Cleantech company Polystyvert nets $11 mln more in VC funding
Polystyvert, a Montréal-based clean technology startup, has raised $11 million in follow-on funding. The round was backed by new investors Quadriam Investments, Energy Foundry and Transition énergétique Québec, as well as existing investors Anges Québec, Anges Québec Capital Fund and Cycle Capital Management. The company also secured an investment from Sustainable Development Technology Canada. Founded in 2011, Polystyvert has developed a low-carbon-footprint process to recycle polystyrene based on a dissolution technology. The latest round follows a $4.9 million financing closed in 2016.
14 June 2018•3 mins read
